USOIL - LONG ProjectionUSOIL recently hunted liquidity of previous weeks, expecting price to sell of before giving us another price hike!!
Setup Contains:
1. Higher Time Frame Structure
2. Institutional Order Flow
3. Stop Hunt & OrderBlocks
Trade ideas
Crudeoil As per Dynamic Cycle #crudeoilCrudeoil Hit Top as per dynamic Cycle...
Now we Looking For correction towards First Target 82.5
Crude Oil strong uptrendCrude Oil has been in a strong uptrend for a while now and is getting even stronger with a fresh breakout, and reaching the 2014 levels. Will be an important data point going forward for its impact on macroeconomy of India and also the equity market.
US Oil long setupUS oil making correction after reaching 7 years all time high, now creating bullish flag pattern
Will look for long trade after break and retest of Resistance trend line target will be 90$ swing trade
Crude oil analysis USDCrude oil is trading within a bullish channel and gaining from last 4 trading sessions. According to price action consolidation near previous high will make it more bullish and we can see 92 to 95 level near future.
On the flip side if fails to breakout above previous high we can see profit booking or consolidation.
Crude oil Bearish Set upCrude oil look bearish on higher time frame.
Good MArket Structure break on 1H,
Best set up to Sell
WTI OIL , CRUDE OIL, US OILPossible coming moves.... As per 4H.... ..
Bullish for 1st few months till 90-95-102..
Then.... Fall towards 50s and 40s.... Till fall...
CRUDE OILCrude Oil Intraday Trade chart Study:
Conclusion - It is correction phase and can do in any direction, must trade after confirmation.
Disclaimer - This chart is only for educational purpose. Do your own study before taking any trade.
USOIL approaching Supply Zone of 78-80Price action in the 78-80 zone of USOIL is worth watching. Any bearish price action in this Zone can give a good RRR short trade in Crude Oil. Meanwhile it's in no trade zone for me as of now.
Crude OilCrude Oil Expected to correct till 73.15 in few days.
Minimum it should correct till 73.29.
Its following a beautiful trendline since long - marked in white colour.
Volume is reducing.
Short Crude oil for a target of 73.29 & 73.15
Please do analyse yourself also on charts. This is for paper trading and educational purpose only. Must consult with your financial advisor before investing.
USOIL/ CRUDE OILPrice is approaching Daily bearish block, we can either expect sells from H4 Breaker block or H4 imbalance.. Look for LTF BOS before taking sell entry
Crude OilIs this a start of New Wave 3 for Crude Oil?
Wave 2 retraced near 61.8% of Wave 1, Entry into the Upper Channel would confirm the start of Wave 3.
USOIL/ CRUDE OILPrice rejected from Daily Demand zone, which shows that price turning into bullish in daily charts, however in H4 we have potential resistance in the form of Breaker block and supply zone... price currently rejected from H4 Supply zone, if we have LTF BOS at least in M15 we can go with shorting...
Has USOIL bottomed out?USOIL has taken support on the lower trendline and bouncing back. One can take a long position above 67.31 level for targets of 70 and 72
Learn & Earn,
Dr. Tanya Kumar
Crude is in Bearish modeNow crude in at a strong support zone
It is already reached a low of $62.46 and now it is an indecisive stage.
If it cross below $64 levels. possible to reach the support zone shown.
if further cross below this zone, the expected levels are $58.3, $52.4
The above observations are for STUDY purpose since the analysis is on weekly time frame.
Crude is ready for another bear moveAs per the trend analysis, crude has completed the retracement as shown by the wave structure and can be sold for a RR of 1:5.
Crude - look for opportunities to go long againAfter the y'day upside move in final few hours and earlier today, crude has retraced to .618 levels of previous rise.
this should be a good area of value for fresh longs with stops below .786 fib.
In another alternate scenario, the retrace can get deep to .786 fib and bounce from there.
Entry should be based on a bullish candlestick setup in minimum 15 min tf.
Crude - is the bottom done for short term?Crude after witnessing a 10% intraday fall, is about to close a bullish hammer/gravestone doji candle.
with low of this candle as SL, long is a good R:R trade.
Buy when price starts moving above the high of hammer/dragonfly doji candle
Major Support n Resistance Levels of Crude Oil December 2021According to previous Price behavior and current situations, here I am posting support and resistance levels for intraday and short term swing trading.
CRUDE in ALT-BAT HarmonicThe crude price crossed below the trendline
It forms an Alt-Bat harmonic.
A reverse expects from $64.66
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CRUDE nearing SUPPORTCrude nearing a strong support after its free fall
Effect of US intervention may be the reaction of the crude market
It is a trendline support, we hope it will reverse
Also it forms a Bullish BAT harmonic.
Crude Positional Buy @ 71.5-71$ Catching Falling Sword sl beloCrude Positional Buy @ 71.5-71$
Catching Falling Sword
sl below 68
Traget 75-78-81-85-90+
Crude - look for opportunities to go longIn Crude, divergence has appeared on 30 min tf, while it can still make 1 leg down below low made today, the idea should be to hunt for long opportunities from Monday.
on MCX, 5500 and below puts can be sold
